Generic Sevco / Rangers meltdown thread

[northstandhibby]

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Without hearing all of the evidence, one can't be certain about that. For example, it might clarify the exact nature (and valuation) of the amount that the new company paid for the goodwill of the old club.

(Insert stirring smiley)

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I would certainly agree with what you say.

glory glory

[Haymaker]

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🤔

Oh you naughty boy

[CropleyWasGod]

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Criminal charges...oh yes please.

There already have been. Most were dropped.

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[HoboHarry]

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There already have been. Most were dropped.

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Ferkin killjoy....

[BigKev]

Looks like they deleted the thread 😢😂

[Ozyhibby]

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Looks like they deleted the thread

That's disappointing, whether it's true or not, it fair had them worrying on there and that is always enjoyable to witness.


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[The Falcon]

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Is this why Kenny Miller isn't getting a new contract, nae money and The The Rangers going down the tubes again.

If admin is a possibility, and it's an if, now would be the time to do it. Only downside might be they might lose out on a UEFA cup place depending on the points deduction. A few potential pitfalls but these should be easily bypassed iif previous events are anything to go by.

[Ozyhibby]

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If admin is a possibility, and it's an if, now would be the time to do it. Only downside might be they might lose out on a UEFA cup place depending on the points deduction. A few potential pitfalls but these should be easily bypassed iif previous events are anything to go by.

Depending on FFP rules they may not have a UEFA place to lose.


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[Keith_M]

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If admin is a possibility, and it's an if, now would be the time to do it. Only downside might be they might lose out on a UEFA cup place depending on the points deduction. A few potential pitfalls but these should be easily bypassed iif previous events are anything to go by.

Administration is a useful tool for unscrupulous companies to shed debt.

I'm not sure The Rangers have any debt to shed and can't see how it would solve any of their other issues, such as needing tens of millions to catch up with Celtc and to repair the Stadium.


The only thing that could help them is a move to the cash rich English Leagues, which doesn't look like it's going to happen anytime soon.

[Onion]

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Administration is a useful tool for unscrupulous companies to shed debt.

I'm not sure The Rangers have any debt to shed and can't see how it would solve any of their other issues, such as needing tens of millions to catch up with Celtc and to repair the Stadium.


The only thing that could help them is a move to the cash rich English Leagues, which doesn't look like it's going to happen anytime soon.

Or find a sugar daddy with £30 mill to invest Nope, if competing with Celtic is still the bar for success, they are completely goosed.

[Joe6-2]

This and the Fannies Hat fiasco, is brilliant entertainment!

[Ozyhibby]

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Administration is a useful tool for unscrupulous companies to shed debt.

I'm not sure The Rangers have any debt to shed and can't see how it would solve any of their other issues, such as needing tens of millions to catch up with Celtc and to repair the Stadium.


The only thing that could help them is a move to the cash rich English Leagues, which doesn't look like it's going to happen anytime soon.

I think admin will come from good old fashioned running out of money and not part of any grand plan. The idiots running Sevco are just not that smart.


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[The Falcon]

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Administration is a useful tool for unscrupulous companies to shed debt.

I'm not sure The Rangers have any debt to shed and can't see how it would solve any of their other issues, such as needing tens of millions to catch up with Celtc and to repair the Stadium.


The only thing that could help them is a move to the cash rich English Leagues, which doesn't look like it's going to happen anytime soon.

I agree with most of that (and the UEFA place comment) but wonder about the possibility of extracting themselves from the Ashley contract and his involvement?

If they were considering admin as a possibility then now, 27 points behind Celtic and 25 ahead of ICT (new club/old club deductions? and 12 games to play), would seem as good a time as any.

They may, however, have no intentions in that direction.

[CropleyWasGod]

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I agree with most of that (and the UEFA place comment) but wonder about the possibility of extracting themselves from the Ashley contract and his involvement?

If they were considering admin as a possibility then now, 27 points behind Celtic and 25 ahead of ICT (new club/old club deductions? and 12 games to play), would seem as good a time as any.

They may, however, have no intentions in that direction.

If they wait a couple of weeks, it will only be a 15 point deduction .

But they probably wouldn't get out of the contracts.

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[southsider]

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If they wait a couple of weeks, it will only be a 15 point deduction .

But they probably wouldn't get out of the contracts.

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Is 2nd admin not 25 ?

[Jack Hackett]

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Is 2nd admin not 25 ?

Only if within 5 years...which is due to end.

[southsider]

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Only if within 5 years...which is due to end.

Cheers.

[Is It On....]

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Or find a sugar daddy with £30 mill to invest Nope, if competing with Celtic is still the bar for success, they are completely goosed.

(One of) the fundamental problems they have is the size of the ground. Celtic can average 10,000 per home game more which means 19 home games x min £25 avg ticket x 10,000 = £4.75m extra per year. Therefore Disco Dave's £30m investment is required to catch up (hmmmm) and will be gone in 6 years..and then normal service is resumed. Bit like ER and the PBS though on a much bigger scale 🙂

[Ozyhibby]

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(One of) the fundamental problems they have is the size of the ground. Celtic can average 10,000 per home game more which means 19 home games x min £25 avg ticket x 10,000 = £4.75m extra per year. Therefore Disco Dave's £30m investment is required to catch up (hmmmm) and will be gone in 6 years..and then normal service is resumed. Bit like ER and the PBS though on a much bigger scale

And that doesn't take into account Celtic have £19m in the bank and no debt and Sevco have zero in the bank and £15m debt.
Then you have the potential sale of Dembele which looks to be £20m and Tierney (£15m) compared with Barrie Mackay (£6m ).
On top of that, Celtic make about £5m a year on merchandising and Rangers make zero and will continue with that for the next 6 years.
And of course Celtic have Champions league income. Say it's every two years and that still works out at an extra £15m a year.
To turn this around is going to take a lot more than £30m and it has to happen quickly or the gap will become wider as the Sevconians will not accept being Espanyol to Celtics Barca and will just stop attending games.



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[Keith_M]

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(One of) the fundamental problems they have is the size of the ground. Celtic can average 10,000 per home game more which means 19 home games x min £25 avg ticket x 10,000 = £4.75m extra per year. Therefore Disco Dave's £30m investment is required to catch up (hmmmm) and will be gone in 6 years..and then normal service is resumed. Bit like ER and the PBS though on a much bigger scale 🙂

That's no problem, David Murray announced plans to increase the size of the stadium to circa 60,000...

[Ozyhibby]

http://mattleslie74.weebly.com/blog/...read-confusion



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[Keith_M]

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http://mattleslie74.weebly.com/blog/...read-confusion



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Did you really have to post a link to that site, given the photo at the top?

[Ozyhibby]

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Did you really have to post a link to that site, given the photo at the top?

Apologies, I hadn't even noticed it.


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[Is It On....]

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Is 2nd admin not 25 ?

2nd admin is only if the original club was not liquidated.. interesting predicament for ra peepul

[Radium]

Statement on the Warburton farce has the following snippet, is it all loans?




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[Ozyhibby]

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Statement on the Warburton farce has the following snippet, is it all loans?




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It certainly is all loans and it is nowhere near enough.


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[grunt]

Full R*ngers statement here: https://rangers.co.uk/news/headlines...ent-dave-king/

I see it is titled as "statement from Dave King" and it's got a 2016 Copyright.
Does that apply in 2017?

I think it can be summarised as, "it is all Warburton's fault".

[greenginger]

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Full R*ngers statement here: https://rangers.co.uk/news/headlines...ent-dave-king/

I see it is titled as "statement from Dave King" and it's got a 2016 Copyright.
Does that apply in 2017?

That the unfit and improper bloke who the SFA black-balled so he only has a position with the Sevco holding company ?

[Billy Whizz]

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Full R*ngers statement here: https://rangers.co.uk/news/headlines...ent-dave-king/

I see it is titled as "statement from Dave King" and it's got a 2016 Copyright.
Does that apply in 2017?

I think it can be summarised as, "it is all Warburton's fault".

So if is he saying they resigned on Monday, why did it only come out last night? Something isn't right here

[Joe6-2]

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So if is he saying they resigned on Monday, why did it only come out last night? Something isn't right here

That's for sure, no surprise tho!